Wow page 100 now

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At major new announcements best to let the waters subside.

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Trading during FOMC decision and/or Powell speaking always a risk.

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BOOMMMMMM Yeah Oliver likes that word.

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Well based on that pair the probability of a drop is high since be very surprising if BoJ don't intervene with Yen at that level. Surprised they haven't done it already to be honest.

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All true of course but sometimes on the higher time frames the SL can be prohibitive.

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This is essentially how Smart Money Concept traders operate. They find their POI (point of interest) on Daily or H4 and then drop down to M15, M5, M1 for a better entry and smaller stop loss.

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It's just cpfl's template - I even used his colours lol.

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Yes I change it according to whatever my ZigZag setting is.

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image

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What seems to be mostly overlooked using Heiken Ashi is what cpfl calls one wicked candles (which I call flat top or flat bottom candles but same thing).

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Yes that's a good way of trading ZZ's too. I'll make a short video later and send it to you by email.

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Never really got my head around how you use that but managing without anyway.

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The missing one and perhaps the most important one is the path that zigzag has taken before it reaches it's fixed position so you can see all the places it indicated a buy when going down and all the places it indicated a sell when going up. image

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image

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Doesn't look too shabby on M1 chart with M5 envelopes image

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Gotta luv the simplicity in that chart.

Flying Dutchman

So I see Ronin has left the thread then :-(

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What your charts above show is that it's all about Market Structure (HH HL LH LL's)

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That's a risky pair to trade with BoJ intervention likely at any given moment.

Tease Me more @cpfleger